Published in Web Deskon May 9, 2018|Comments Off on PRESIDENTS OF EGYPT, UGANDA SIGN AGREEMENT FOR BUILD SOLAR POWER PLANT

CAIRO-- Uganda's President Yoweri Museveni, who is in Cairo for a three-day State visit to Egypt at the invitation of President Abdel Fattah El-Sisi has witnessed the signing of agreements in areas where the two countries will co-operate, including energy, agriculture and trade.

President Museveni and his Egyptian counterpart witnessed the signing of a bilateral agreement and executive contract for establishment of four-megawatt solar power project in Busia, Uganda.

The power plant is expected to increase access to electricity in the eastern part of the country, improve livelihoods and boost growth in the area.

Uganda and Egypt have also agreed to co-operate in different fields of agriculture as well. It was agreed that the Uganda Investment Authority and Egyptian Industrial Development Authority (IDA) will co-operate in establishing industrial parks and participate in each other's exhibitions and fairs.

The Egypt Export Development Authority and Uganda Export Promotion Board will work together to increase bilateral trade.

Egyptian investments in Uganda include those of the Cairo International Bank, Egypt Air, Mantrac Uganda Ltd, Arab Contractors, El Nasser Export and Import Company and African Development Incorporation Uganda Limited.

Museveni congratulated El-Sisi on his resounding victory in the presidential elections held in March 2018, saying the landslide win attested to the confidence and trust the Egyptian people have in his leadership.